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Agree Paddy.....
no idea about 'dark pool' dealings, shorting or MM manipulation
& don't really care ... Great results continue, new drilling on-going &
GH now has the freedom to tweet supporting GGP
SD should never respond to PI request's for his investment or for tweet's
but continue managing GGP interests / future growth... he needs time....
https://twitter.com/gervaiseheddle/status/1373948311099469827
Did a bit of research tonight on Market Makers
MM’s must offer a buy and sell position depending on their book position
Are they Long (with stock) or Short (oversold stock)
MM’s need to place the stock in a position where they can actually trade
ie. buy and sell the stock.
MM’s are driven by supply and demand otherwise they make no money,
they need an orderly market to exist and trade.
The next statement is where I get confused …..
MM’s also being the Broker is beneficial as they have access to Buyers and Sellers
Jber in my experience watching L2 over the last few years is 100% in control of our SP value
(willing to be corrected but they always seem to be involved when our SP drop’s or rises)
U Tube videos that I have watched from former MM’s advise that MM’s do not play games they need to get the market to a position they can actual trade 2 ways Buy & Sell
This makes sense to me..
With respect to RNS updates….
MM’s state it is better to travel the SP to RNS updates than arrive when they are announced…
This means very often the RNS was factored in and when the RNS is announced the results can have a detrimental effect on the SP (ie. Scally)
MM’s as business people need to make money so if they can activate stop losses to benefit their position .. I would do the same.
As a Construction professional in Ireland, I am not justifying MM’s positions but simply trying to understand their working methods, as PI’s we always seem to infer misconduct…..
Supply and Demand makes sense but as advised I am not in finance and may be naïve !!
Rup…
Hi Napthman1... not convinced we will move up anytime soon
We have had the 13 & 14th NC great updates & no movement
GDXJ buying a few more million this week
£1.35M bought today and we are down 3%
The fact an II wants to buy £1.35M is why I will not be selling
Been in since Jan 2019, average 9p, not selling until at least 2022
Realistically it might be September until we start to move north
Impressed with the Shaun Day transition
GH is good, he also has too much invested to see us fail.
Hateful word but it is key... 'patience' required